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Singapore is an appealing base for start-ups, as it offers munificent tax exemptions for new companies for their first three years of operation. Its low rate of corporation tax – 17 percent – makes it a focal point for foreign investment for multinational companies. It also allures highly skilled talent abroad. […more]

Being a strong advocate of entrepreneurship, the Singapore government designed the PIC grant scheme in 2011 (extended to YA 2018 according to 2014 budget), to encourage SMEs to take their first step towards capability development. In case you’re unfamiliar with the abbreviation, PIC, short for Productivity and Innovation Credit, is a tax deduction and cash […more]

Welcome to Singapore! Just popped in for a visit, or perhaps for a relaxing long stay? Whatever your reason for vacationing here on this lovely, sunny island, you are as a tourist, entitled to the Tourist Refund Scheme. What this means is that, you get to claim up to 7% of refunds in Goods and […more]

Beginning as early as 1855, innovative business people had already started investing in wines, stocking them for years, before selling them for hefty profits. The trend continued rising and soon brought new millionaires to the scene – there are people making millions through wine investment. Quite interestingly though, the trend of investing in wines and […more]

Having found the country’s birth rate declining, much the same as Japan and Germany, Singapore has joined countries such as Australia, Canada, and Czech Republic in taking precaution steps in order to increase the number of births among the population. Firstly starting on April 2001, Singapore tried to tackle the lack of births by introducing […more]

As Southeast Asia countries are emerging as developed and developing countries in recent two decades, we can see that the property market in the region has greatly advanced. Like all goods and services, housing is also being associated with property tax. The boom and fluctuation in a property market are closely linked to the financial […more]

So, it is that time of the year again where we have to ante up a fragment of our annual income. As much as we complain about how our tax money is ‘burned’ during National Day Parade fireworks. We still believe that income is a crucial part of nation building. Although it might seem like […more]